Silicon Valley Bank (SVB) was a state-chartered commercial bank headquartered in Santa Clara, California now administered in receivership by the Federal Deposit Insurance Corporation (FDIC). It operated branches in California and Massachusetts and was the largest bank by deposits in Silicon Valley. The bank was part of SVB Financial Group, a publicly traded bank holding company that had offices in 13 other U.S. states and over a dozen international jurisdictions.SVB was a leading financial institution that catered to the tech industry and had became the preferred bank of almost half of all venture-backed tech startups. In March 2023, amid an environment of central bank-endorsed interest rate hikes following a period of global inflation, there was a run on its deposits, which led to its collapse and seizure on March 10, 2023 by the California Department of Financial Protection and Innovation (DFPI), its regulator. Citing inadequate liquidity and insolvency, state officials at the DFPI appointed the FDIC receiver of the bank. This marked the second-largest bank failure in U.S. history and took place alongside similar issues noted in...